Commodity-supported cryptocurrency, which is dominated by the back tokens behind the gold, has seen a historic bounce in releasing this week, which collides with its highest point in at least five years along with the volume.
After the Swiss precious metals association, this week is a jump after gold futures trading above $ 3,500 all-time above $ 3,500 all-time. Wags The US’s 39% tariff on Switzerland may have “negative effects” on the international flow of physical gold. Both gold spots and futures fell after an early bounce, when an official of the White House told Bloomberg that the President would introduce a policy, clarifying that the import of gold bars should not be subject to tariffs.
However, the tokens supported by gold were not stopped from mining.
The warning also saw the gold-based cryptocurrency, including Tithi Gold.
And Paxos Gold (PAXG)Abbrevomorously at the top of $ 3,390. Mint volume, per Rwa.xyz Data, reaching $ 439 million a week, more than doubling the previous 195 million records seen in 2021.
These tokens, which are supported by the physical reserves conducted in the vaults, allow investors to come in contact with precious metal and can immediately move on-chains without crossing the boundaries.
Switzerland, which refines a large part of the world, was exported, despite its own mines More than $ 61 billion In the last one year, metal worth metal for America.
The move has triggered a political backlash in Switzerland, in which some MPs have called the gold sector with a shoulder of the economic result. Precious metal is more than a quarter of Switzerland exports Swiss National Bank Data.
